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Calcimator

FHA Loan Calculator

Calculate FHA loan payments including mortgage insurance premium (MIP). See upfront and annual MIP costs for FHA-backed mortgages.

Inputs

$
%
%
years

Summary

Total Monthly Payment

$2,466.92

Monthly P&I$1,861.86
Monthly MIP$205.06
Upfront MIP (1.75%)$5,066.25
Total MIP Over Loan$78,888.75
Total Loan Amount$294,566.25
Down Payment$10,500

Yearly Principal, Interest & MIP

Monthly Payment Breakdown

How to Use This Calculator
  1. Enter your starting values to generate a projected timeline or schedule. The calculator will build a period-by-period breakdown so you can see how values change over time.
  2. Home Price — The purchase price of the home. Accepts values from $50,000 to $5,000,000 (default: $300,000).
  3. Down Payment — FHA requires minimum 3.5% down payment. Accepts values from 3.5 % to 50 % (default: 3.5 %).
  4. Interest Rate — Annual interest rate on the FHA loan. Accepts values from 0 % to 15 % (default: 6.5 %).
  5. Loan Term — Length of the loan. FHA loans are typically 15 or 30 years. Accepts values from 10 years to 30 years (default: 30 years).
  6. Expand "Advanced Options" for additional fine-tuning. These optional inputs let you model more specific scenarios:
  7. Annual Property Tax — Yearly property tax amount. Accepts values from $0 to $50,000 (default: $3,600).
  8. Annual Homeowner's Insurance — Yearly homeowner's insurance premium. Accepts values from $0 to $20,000 (default: $1,200).
  9. Once all inputs are set, review your results in the Results panel. Here's what each output means:
  10. Total Monthly Payment — Includes P&I, MIP, taxes, and insurance. This is the primary result of this calculator.
  11. Monthly P&I — shown as a dollar amount.
  12. Monthly MIP — Monthly mortgage insurance premium.
  13. Upfront MIP (1.75%) — One-time upfront MIP financed into the loan.
  14. Total MIP Over Loan — shown as a dollar amount.
  15. Total Loan Amount — Base loan plus financed upfront MIP.
  16. Down Payment — shown as a dollar amount.
  17. Scroll down to explore 2 charts (Yearly Principal, Interest & MIP, Monthly Payment Breakdown) for a visual breakdown of the data.
  18. Explore the related calculators below if you need deeper analysis or want to approach this topic from a different angle.
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